Intech Investment Management LLC Acquires New Position in Mirion Technologies, Inc. (NYSE:MIR)

Intech Investment Management LLC bought a new stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 52,641 shares of the company's stock, valued at approximately $583,000.

Other large investors have also made changes to their positions in the company. Millennium Management LLC grew its position in Mirion Technologies by 509.8% during the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company's stock worth $5,730,000 after purchasing an additional 446,034 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Mirion Technologies during the second quarter valued at $1,890,000. Rice Hall James & Associates LLC acquired a new position in shares of Mirion Technologies in the 2nd quarter valued at $2,377,000. Bank of New York Mellon Corp lifted its position in Mirion Technologies by 13.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company's stock worth $8,772,000 after acquiring an additional 97,887 shares during the period. Finally, Maverick Capital Ltd. grew its stake in Mirion Technologies by 291.9% during the 2nd quarter. Maverick Capital Ltd. now owns 159,811 shares of the company's stock valued at $1,716,000 after purchasing an additional 119,037 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Price Performance

Shares of NYSE:MIR traded down $0.42 during midday trading on Monday, hitting $16.45. The company's stock had a trading volume of 2,318,981 shares, compared to its average volume of 1,375,647. Mirion Technologies, Inc. has a 12-month low of $8.89 and a 12-month high of $17.09. The company has a market cap of $3.82 billion, a P/E ratio of -48.38 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The business's 50 day simple moving average is $14.15 and its 200 day simple moving average is $11.80.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same period in the prior year, the business posted $0.03 EPS. Mirion Technologies's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts forecast that Mirion Technologies, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

MIR has been the topic of several research reports. Citigroup increased their price target on shares of Mirion Technologies from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of Mirion Technologies from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, B. Riley assumed coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a "buy" rating and a $14.00 price objective on the stock.

Insiders Place Their Bets

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,165,857.99. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,405 shares of company stock valued at $285,939 over the last ninety days. Company insiders own 2.20% of the company's stock.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.